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Arelowo
Jan 23, 2020 2:08 PM

NIO Short Term Loss but Long Term Gain 

NIO Inc.NYSE

Description

NIO is trying to break its resistance but there is a lot of selling when it breaks above 5 dollars. It still up big time in the past 3 months but needs to stay about 5 to get more eyes on it. China needs electric cars as they have really big pollution problems. They have a rising middle class and a huge population. I think in the long term this could be a potential player.
Comments
Chazza2110
Yes, looks like a short term pullback before running up again. Cant say how high will be the next run up.
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